29-05-2025 12:00:00 AM
FPJ News Service mumbai
India’s industrial production declined to an 8-month low of 2.7% in April 2025 as compared to 3% in March, according to data released by Ministry of Statistics & Programme Implementation on Wednesday.
However, year-on-year, the Index of Industrial Production (IIP) indicated a 2.7% increase in April 2025, driven by growth in the manufacturing sector at 3.4%. The growth rates of the three sectors, mining, manufacturing and electricity for the month of April 2025 stood at (-) 0.2%, 3.4% and 1.1% respectively. The quick estimates of IIP stands at 152.0 against 148.0 in April 2024.
The indices of industrial production for mining, manufacturing and electricity sectors for the month of April 2025 stand at 130.6, 149.5 and 214.4 respectively. Within the manufacturing sector, 16 out of 23 industry groups at National Industrial Classification (NIC) 2 digit-level have recorded a positive growth in April 2025 over April 2024.
The top three positive contributors for the month of April 2025 are– manufacture of basic metals” (4.9%), manufacture of motor vehicles, trailers and semi-trailers (15.4%) and manufacture of machinery and equipment (17.0%). In the industry group manufacture of basic metals, item groups, pipes and tubes of steel, “MS blooms / billets / ingots / pencil ingots, flat products of alloy steel have shown significant contribution in growth.
In the industry group manufacture of motor vehicles, trailers and semi-trailers, item groups-auto components / spares and accessories, axle, commercial vehicles-have shown significant contribution in growth. In the industry group ‘manufacture of machinery and equipment item groups machine tools for turning, drilling, etc. (other than lathes), lathes, stationary and internal combustion piston engines not for motor vehicles have shown significant contribution in growth.
As per the use base classification, the indices stand at 151.6 for Primary Goods, 114.3 for Capital Goods, 164.2 for Intermediate Goods and 191.6 for Infrastructure/ Construction Goods for the month of April 2025. Further, the indices for consumer durables and consumer non-durables stand at 127.2 and 148.4 respectively.
The corresponding growth rates of IIP (use-based classification) in April 2025 over April 2024 were (-) 0.4% in primary goods, 20.3% in capital goods, 4.1% in intermediate goods, 4.0% in infrastructure /construction goods, 6.4% in consumer durables and (-) 1.7% in consumer non-durables.